Microsoft Word - {0F0366CB-D994-4953-8B9B-BBE682D34DD7}

… received a distribution from the Plan during the years ended December 31, 2019, 2018, and 2017, respectively.  Administrative expenses were approximately $60,0 00, $80,000, and $79,00 0 for the years ended December 31, 2019, 2018, and 2017, respectivel …

… - Deductions: Benefits Paid to Participants 1,180,415 1,119,107 1,076,822 Administrative Expenses 60,494 79,536 79,026 Changes in Fiduciary Net Position Restricted for Pensions 2,684,701$ (2,027,190) $ 2,1 …

… Total Additions 3,925,610 (828,547) Deductions Benefits Paid to Participants 1,180,415 1,119,107 Administrative Expenses 60,494 79,536 Total Deductions 1,240,909 1,198,643 Net Increase (Decrease) in Fiduciary Net …

… records investment sales, interest, and dividend income, and makes di stribution payments to participants. Certain administrative expenses of maintaining the Plan are paid by the State. Participants may also select a self-directed brokerage account thro …

… f-directed brokerage account through TD Ameritrade. Payment of Benefits Benefits are recorded when paid. Administrative Expenses Certain expenses of maintaining the Plan are paid by the Plan, unless otherwise paid by the State. Expenses paid …

… . Costs associated with participant-initiated transactions are paid by the respective participants’ accounts. Some administrative expenses are paid from the Plan. State of Delaware Match Plan Notes to the Financial Statements December 31, 2019 and 201 …

… tements December 31, 2019 and 2018 10 2. Summary of Significant Accounting Policies - Continued Administrative Expenses - Continued Other income of $31,233 represents reimbursements from the Office of the Management and Budget for a …

… t. The account is credited with earnings on the unde rlying investments and charged for participant withdrawals and administrative expenses. Because the investment contract meets the criteria to be considered fully benefit-responsive, contract valu e is the …